The Nikkei Average fell for a 23rd consecutive day, closing at ¥62,693.16, down ¥214.68 from the previous day. It fell as low as ¥61,462.61 during the day, but closed with a small bullish candle and a long lower shadow, forming an inverted hammer and suggesting a rebound next week.
The Nikkei Average continued to decline on the 23rd. It closed at ¥62,693.16, down ¥214.68 from the previous day. The intraday low was ¥61,462.61.
The candlestick was a small bullish candle with the open and close nearly unchanged, recovering from a long lower shadow and forming an inverted hammer (dragonfly). This raised expectations of a rebound next week.
The three bearish Ichimoku signals remained in place, while the Kijun-sen began to decline, leaving the market in sellers' control at the end of this week's trading.
The index also closed just above its 200-day moving average, a point cited as warranting attention from a technical perspective.